Companies that cater to budget-conscious Chinese consumers have reportedly seen sales soar, while their upmarket rivals have struggled to keep up. Online retailer Pinduoduo, budget household-goods chain Miniso and Japanese fashion brand Uniqlo are among the companies that have benefited from this shift in consumer behavior, as Chinese shoppers have...
Overseas retailers, once focused on expansion in global markets, are showing increasing interest in claiming a stake in the United States, seeking to make their presence known both online and in-store. As reported in June by The Wall Street Journal, global brands such as Mango...
The fast-fashion wars got intense in 2022 as relative newcomer Shein outpaced a competitive set, including H&M, Uniqlo and Zara, setting up a battle for primacy in 2023. This, as the world’s second-largest fast-fashion player, H&M, announced Friday (Jan. 27) that its fourth-quarter profits fell...
Japan-based apparel manufacturer and retailer Fast Retailing, owner of the Uniqlo brand, achieved record performance during the year ended Aug. 31, generating record revenue and operating profit. “Sales recovered steadily in all markets as demand for clothing picked up globally, and we consistently strengthened the...
January 02, 2024
Uniqlo wants to grow by selling good-quality apparel at affordable prices. That’s the stance the Japanese retailer is taking when it comes to securing its spot in the world of consumers and fast fashion. The move comes as consumers are increasingly examining where and how they spend their money in search of the most value […]
June 15, 2023
Overseas retailers, once focused on expansion in global markets, are showing increasing interest in claiming a stake in the United States, seeking to make their presence known both online and...
October 13, 2023
Companies that cater to budget-conscious Chinese consumers have reportedly seen sales soar, while their upmarket rivals have struggled to keep up. Online retailer Pinduoduo, budget household-goods chain Miniso and Japanese fashion brand Uniqlo are among the companies that have benefited from this shift in consumer behavior, as Chinese shoppers have become more conscious of cutting costs and seeking out affordable […]
October 13, 2022
Japan-based apparel manufacturer and retailer Fast Retailing, owner of the Uniqlo brand, achieved record performance during the year ended Aug. 31, generating record revenue and operating profit. “Sales recovered steadily...
July 14, 2022
Uniqlo parent company Fast Retailing is joining others in the fast fashion world by raising prices on fleece items at a time when shoppers are looking for every possible bargain...
January 13, 2022
Even as it was reporting a record net profit of 93.5 billion yen ($816 million) for the first quarter of fiscal 2022 that ended Nov. 30, Uniqlo owner Fast Retailing...
